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Overview
Chart #1 - Chainlink (LINKUSDT) 12-Hour
Chart #2 - Avalanche (AVAXUSDT) Daily
Chart #3 - Arweave (ARUSDT) 8-Hour
Chart #4 - Polkadot (DOTUSDT) 12-Hour
Chart #5 - Fear and Greed Index
Chart #1 - Chainlink (LINKUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
We are going to trade LINK since it is currently at support and looking healthy.
Entry: Ladder in between $12.75 - $13.50
Take Profit (TP):
TP1: $16.00 - $16.75 (25% - 31%)
TP2: $18.75 - $19.50 (47% - 53%)
Stop Loss: Just below $11.78
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Chart #2 - Avalanche (AVAXUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
AVAX has swept the lows and is currently holding support at $35, a good area to DCA into an entry.
If there is further downward pressure, look for a reaction at $24. Weโll add to the trade when price gains acceptance above $40.
Entries:
Entry 1: $35
Entry 2: $24
Entry 3: $40
Take Profit (TP):
TP 1: $60
TP 2: $80
TP 3: $100
Stop Loss: With a daily close below $20, weโll exit on the lower high.ย
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Chart #3 - Arweave (ARUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
AR is currently holding a high time frame support that has been defended on multiple occasions. It is also holding the 0.618 Fib level nicely.
This can be considered a range low area that price needs to hold above. Losing it on a higher timeframe opens a range which goes as low as $12.
Hold the range low, and we will likely retest the highs from here.ย
Entries:
Entry 1: $24 to $26
Entry 2: $20 (if it loses the current level)
Entry 3: Support/Resistance flip at $30
Take Profit (TP):
TP1: $33
TP2: $43
TP3: $60
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Chart #4 - Polkadot (DOTUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
It feels like everything has corrected to major support!
DOT has been consolidating at this major support level for around five days now. So taking a long is low-risk:
Entry: $6.00 - $6.50
Take Profit (TP)
TP 1: $8.00 - $8.50 (33% - 42%)
TP 2: 9.50 - $10.00 (58% - 67%)
Stop Loss: Just below $5.69
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Banterโs Take
The BTC halving will occur within the next 24 hours. During this period, expect significant volatility. Historically, there has been a medium to large sell-off during such times. While history does not repeat, it often rhymes, and these sell-offs have frequently offered prime buying opportunities. View any current sell-off as a higher low, presenting a chance to buy BTC at a discount and to stock up on your favorite altcoins. Good luck and trade safely. Always make sure you understand and apply the correct risk management strategy that matches your risk tolerance.
Stay safe my friends!
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I like this new layout, very clear.
Cheers ๐ป